AMCHAM HCMC. Presenter Sharon Fernandez

Transcription

1 AMCHAM HCMC Presenter Sharon Fernandez

2 Introduction Your Asia Screening Partner AIM Screening is a market leader of risk management information, combining service excellence for: Pre-employment screening Due diligence Vendor screening Company screening Other risk management tools

3 Introduction AIM Screening has a strong footprint across Asia Pacific, USA, UK and some parts of the Middle East. AIM Screening has offices in Australia, Singapore, Malaysia, India, Hong Kong and UK AIM Screening serves some of Asia Pacific and the world s biggest and best known companies AIM Screening provides information service excellence to mitigate hiring, lending, operational and credit risks

4 Employment Screening What is pre-employment screening? Employment Screening is the process of verifying the credentials, identity and integrity of a person who is or will be entrusted with your resources or assets Put simply, it is the verification of information provided by an individual in their application for employment with your business Should be overt and conducted through ethical means Have full consent from the candidate All verification should be carried out in a completely secure environment and confidentiality strictly maintained complying with the National Privacy Principles of the Privacy Act 1988 All checks should be verified by a third party

5 Employment Screening Know Who You Are Hiring Experience has taught many major corporations that if they had objectively and comprehensively screened candidates prior to employment, the following malpractices could have been avoided: Conflicts of Interest Anti-Social Behaviour in the Work Place Theft of Proprietary Information and Corporate Fraud Contravention of Corporate Compliance Issues

6 Employment Screening Areas To Screen: Education Verification Business Interest Employment Verification Criminal Record Professional Qualification/ Membership Check Name and ID Verification Civil Litigation Media and Internet Search Bankruptcy/Credit Compliance Check

7 Employment Screening AIM Checks: Legally available information sources can be used to detect whether a candidate has/is: Been sued by a former employer Appeared in the media as having been involved in some form of criminal activity Listed in an internationally prescribed watch-lists Been a defendant in a civil/criminal proceeding Been censured or disciplined by a regulatory body Taken legal action against a former employer + plus education check and/or current employer check and/or professional qualification check Potentially conflicting business interests Declared bankrupt A fast, cost efficient indicator of integrity based on legally available information Listed as a credit risk

8 Employment Screening AIM Checks: Eligibility for rehiring position Honesty/ integrity Working ability Name of supervisor Final salary Reason for leaving Dates of employment Previous employment last 5/7 years Highest professional qualification Highest tertiary qualification Legally available information sources

9 Employment Screening Why conduct pre-employment screening? One quarter of applicants either massage the truth or lie outright in their CVs Human Resources Magazine, 28 November 2006 Hiring the wrong person can cost businesses between 30 per cent and 200 per cent of a person s annual salary Human resources Magazine, 24 February 2004 A survey carried out by the Human Resource Magazine found that 16 per cent of respondents admitted to lying on their resumes to secure a new position Human resources magazine, 5 February 2004 A study of 1000 job applicants has found that 21 per cent had misrepresented their qualifications, while 60 per cent of those with criminal convictions failed to admit them, even when asked Sydney Morning Herald, 26 November % of people who commit fraud are employees of the business they hit BRW, 8 December % of all candidates have a disclosable criminal history FADV Australasia, March 2007

10 Employment Screening Fake Degrees What do they look like?

11 Employment Screening Fake Degrees What do they look like?

12 Employment Screening Degree Mills

13 Employment Screening Other Examples of Degree Mills Adam Smith University Akamai University All India Naturopathy Council Alabama Pacific University Almeda University (aka Almeda College and University) Alternative Medicine Research Institute (aka The Alternative Medicines Research Organization) Ambassador University Corporation American Austin University American Bible College and Seminary (there was an accredited school by this name that closed) American Center for Religion and Society Studies American Central University American Institute of Health Care Professionals, Inc.

14 Employment Screening Other Examples of Degree Mills Baptist College of Ministry Barber-Scotia College Bay Ridge Christian College Bienville University (Mississippi, Woodville) Belford University(not to be confused with the University of Bedford which is linked to University Degree Program) (a PO Box in Humble, Texas) Bennington University(not to be confused with Bennington College) Berne University Bhartiya Shiksha Parishad B. H. Carroll Theological Institute (aka Benajah Harvey Carroll Theological Institute) Board Of Theological Education Of The Senate Of Serampore (aka BTESS, India) Bircham International University (formally Oxford International University)

15 Employment Screening Why you should screen Falsification of qualifications on the rise Protection against Negligent Hiring claims Fraud prevention Concerns over workplace violence Compliance requirements Identity theft is one of the fastest growing criminal activities

16 Vendor Screening Know Your Business Partner The proper screening of business partners and their workers is as important as knowing who you are employing. AIM Screening assists companies in vendor screening to ensure complete transparency in the supply chain. Clients gain access to the following information about their current and potential vendors: Legitimacy of Vendors Reputation Ownership Structure Key Stakeholders Financial & Legal History Employees

17 Vendor Screening Perpetual Monitoring System Screening need not end when vendors are selected. AIM Screening recommends putting a perpetual screening program in place to run checks and their key principals on a pre-determined frequency. Our Methodology

18 Due Diligence Why Due Diligence Choosing the wrong business partner, vendor or employee can prove disastrous to a company s business, finances and reputation An integral part of any corporate governance or risk management program Vital to ensure an efficient and effective compliance regime

19 Due Diligence Due Diligence Improve transparency in the midst of a negotiation or transaction Protect our clients reputation when conducting transaction with unknown entities

20 Due Diligence Our Due Diligence Methodology An initial review provides a basic check on a company or individual through legally available information sources Conducted through databases Conducted through more labour intensive research in countries where database information is not easily available

21 Due Diligence Scope of Check Company To establish whether the company has been the subject of: Civil litigation or bankruptcy proceedings High/District Court proceedings Discipline by the requisite regulatory authority Censure by the stock exchange Company records: Directors/Shareholders To establish whether the directors/shareholders have been the subject of: Civil litigation or bankruptcy proceedings High/District Court proceedings Discipline by the requisite regulatory authority Censure by the stock exchange Media or press attention, positive or derogatory Company search providing registered details (varies between countries)

22 Online Screening Online Platform Innovative bespoke technology Secure web-based solution 24/7 Real time access to data Flexible data entry

23 Online Screening Online Platform 1Client logs on to the screening platform, initiates a request and checks the status online 24/7 AIM supervisors ensure turnaround time and quality control throughout the screening process 3 2AIM researchers start the screening and update the process online as checks develop 24/7 Client receives the report on time and signs off completion 4

24 Manual Screening Manual Screening Fax or scanned documents Submit to screening centre Screening report sent to client within 10 working days All candidate information is kept confidential and secure

25 Scenario... Protect Your Reputation If a bank teller steals money from customers and it is later revealed that the situation could have been prevented by doing basic screening, the bank may face legal and regulatory penalties. More importantly, the harm done to the bank's reputation could have a huge effect on business. How to avoid this situation? Civil Litigation and Bankruptcy Petition Check

26 Scenario... Avoid Negligent Hiring A clinic hires an overseas doctor. He performs several treatments for customers and some mistakes are made that result in damage. A check reveals that the doctor is not licensed and has not attended medical school resulting in the potential for lawsuits to be brought against the clinic. How to avoid this situation? Education Verification and Professional Body Verification

27 Scenario... Disruptive Influence A company hires a sales manager and verifies his background only with the referees he provided. After several weeks on the job, the individual proves to be a disruptive influence in the workplace creating conflict and mistrust. It is later revealed that his references were friends and that the HR department of his previous place of business dismissed him for his poor attitude. How to avoid this situation? Employment Verification

28 Further Information... THANK YOU For further information on AIM services kindly contact: